Bandera Gold Ltd. announced today a proposed non-brokered private placement of up to of 5,000,000 units of Bandera at a price of $0.05 per unit, for proceeds of up to $250,000. Each unit will consist of one common share and a half warrant. Each whole warrant entitles the holder to purchase an additional common share at a price of $0.05 per share for a period of two years from closing of the private placement.
First Mexican Gold Corp., further to the Company’s news release of September 4, 2013, the Company is pleased to announce it has received TSX Venture Exchange approval for and closed its shares for debt of 1,100,000 shares to satisfy debt in the amount of $55,000.
Mexus Gold US, Mexus Enterprises S.A. de C.V. executed a contract on September 19, 2013 with Bylsa Drilling S.A. de C.V. of Hermosillo, Sonora, Mexico to do a reverse circulation drilling program on our newly acquired San Felix Mine Concession.
Arco Resources Corp. announces that due to ongoing concerns regarding access, it has elected to relinquish its Cuatro Venados property rather than continuing to pay ongoing tax and maintenance payments in order to reserve sufficient funds in its treasury to support its Taviche silver-gold project.
Big North Graphite Corp. announces that it has cancelled its previously announced expedited private placement of 2,666,667 units for gross proceeds of $200,000. The proceeds received by the Company in connection with the Offering have been returned to the subscriber.
Mr. Gonzales is originally from Peru and has more than 30 years of experience in the mining industry. He is currently a member of the Board of Directors of HudBay Minerals Inc. From 1998 to 2013, Mr. Gonzales was with Barrick Gold Corporation, most recently as Executive Vice President and Chief Operating Officer. Between 1980 and 1996, Mr. Gonzales served in various roles with Southern Peru Copper Corporation.
La India commissioning in progress – mining and pad loading are now underway with initial leaching expected to begin in October 2013. Commercial production is anticipated in the first quarter of 2014.
Mammoth Resources Corp. would like to announce a third tranche closing of $283,500 in additional subscriptions for total proceeds of $554,120 on its previously announced private placement financing to include up to 10,000,000 units of the company’s shares at a price of $0.05 per Unit. Each Unit will be comprised of one common share of the Company and one common share purchase warrant. Each Warrant will entitle the holder to acquire an additional common share of the Company for a period of 24 months from the date of issue at a price of $0.08 per common share for the first 12 months and $0.10 per common share for the following 12 months as permitted by TSX-V regulations.
Quaterra Resources Inc. is pleased to announce that the Company has sold three properties in central Mexico to Goldcorp Inc. for a total cash consideration of US$375,000. Quaterra will retain a 2% net smelter returns royalty on each of the three properties, whereby the NSR is capped at USD$2,000,000 per property. In addition, Quaterra and Goldcorp Inc. have concluded a second amendment to the Investment Framework Agreement originally signed on February 10, 2010 and as first amended June 13, 2013.
Primero Mining Corp. is pleased to provide an exploration progress report on results of its program at its San Dimas mine and the plans at its Cerro del Gallo development project in Mexico. Year-to-date the Company has completed 65,392 metres of drilling at San Dimas and commenced drilling at Cerro del Gallo.
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